3X Short Ethereum Classic Token (FTX: ETCBEARUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, ETCBEAR began a red wave A (blue sub-waves a-b-c) advance on February 6. The red wave A finished on March 13, and the red wave B (blue sub-waves a-b-c) correction ended on March 25. If this wave count is correct, ETCBEAR should be heading next towards the March 13 peak in the red wave C.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
3X Short Ethereum Classic Token (ETCBEAR) is an ERC20 token which seeks a return that corresponds to -3 times the daily return of Ethereum Classic.
(Sources: https://ftx.com/trade/ETCBEAR/USD)
How Will ETCBEAR Trade?
3X Short Ethereum Classic Token (FTX: ETCBEARUSD) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
ETCBEAR will takeout the March 13 peak
ETCBEAR will drop below the February 6 low
ETCBEAR will stay in a trading range between the February 6 low and the March 13 peak until May 5
ETCBEAR will drop below the February 6 low
Correct.
ETCBEAR will drop below the February 6 low
Correct.
ETCBEAR will drop below the February 6 low
Correct.
ETCBEAR will drop below the February 6 low
Correct.
ETCBEAR will stay in a trading range between the February 6 low and the March 13 peak until May 5
ETCBEAR will takeout the March 13 peak
ETCBEAR will takeout the March 13 peak
ETCBEAR will takeout the March 13 peak
ETCBEAR will stay in a trading range between the February 6 low and the March 13 peak until May 5
ETCBEAR will stay in a trading range between the February 6 low and the March 13 peak until May 5
ETCBEAR will stay in a trading range between the February 6 low and the March 13 peak until May 5
ETCBEAR will stay in a trading range between the February 6 low and the March 13 peak until May 5
ETCBEAR will drop below the February 6 low
Correct. Upvoted your comment:
https://steemleo.com/hive-148441/@gregory-f/q8fous
ETCBEAR will stay in a trading range between the February 6 low and the March 13 peak until May 5
ETCBEAR will stay in a trading range between the February 6 low and the March 13 peak until May 5
ETCBEAR will takeout the March 13 peak
ETCBEAR will drop below the February 6 low
Correct. Upvoted your comment:
https://steemleo.com/hive-167922/@asetat/q8az1q
ETCBEAR will stay in a trading range between the February 6 low and the March 13 peak until May 5
ETCBEAR will stay in a trading range between the February 6 low and the March 13 peak until May 5
ETCBEAR will stay in a trading range between the February 6 low and the March 13 peak until May 5
ETCBEAR will takeout the March 13 peak
ETCBEAR will stay in a trading range between the February 6 low and the March 13 peak until May 5